Which returned more over the last year, CGBL or GLD?

In the year to Oct 28, 2026, with distributions reinvested, CGBL returned +7.1% and GLD +2.5%.

Which is cheaper, CGBL or GLD?

CGBL is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's own filings.

Data as of Oct 28, 2026.

Across categories

CGBL vs GLD: Differences, Returns & Fees

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CGBL is an actively managed equity fund and GLD a commodity fund, and over the year to Oct 28, 2026, CGBL returned +7.1% against +2.5%.

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Net assets on Oct 27, 2026: $7.9bn for Capital Group Core Balanced ETF and $135.8bn for SPDR Gold Shares.

CGBL on its own →GLD on its own →

At a glance

+7.1%

CGBL total return, 1 year

+2.5%

GLD total return, 1 year

0.33%

CGBL expense ratio

0.40%

GLD expense ratio

Pair scorecard

CGBL costs 0.07 points a year less; their one-year returns differ by 4.6 points; GLD is 17.2 times larger.

CGBL vs GLD: Differences, Returns & Fees
Measure	CGBL	GLD
Return
Measure	CGBL	GLD
Total return, 1 year	+7.1%	+2.5%
Drawdown
Measure	CGBL	GLD
Below its high	3.4%, high on Aug 13, 2026	24.7%, high on Jan 29, 2026
Benchmark
Measure	CGBL	GLD
What it tracks	No index, actively managed	Gold
Cost and size
Measure	CGBL	GLD
Expense ratio	0.33%	0.40%
Net assets, as of Oct 27, 2026	$7.9bn	$135.8bn
Holdings
Measure	CGBL	GLD
Holdings in common	not published
In the S&P 500, by weight	48%
Holdings dated	Jun 30, 2026
Top ten holdings, share of the fund	59.3%

Method

Side by side

CGBL Capital Group Core Balanced ETF GLD SPDR Gold Shares

Where it sits Allocation ETF Commodity ETF

Issuer Capital Group State Street

What it is Actively managed Holds gold

Total return, 1 year +7.1% +2.5%

Its benchmark over the same days +7.5% (VOO and AGG) +2.7% (IAU)

Gap to its benchmark −0.4 pts vs VOO and AGG −0.2 pts vs IAU

Expense ratio 0.33% 0.40%

Holdings 77 not counted

Net assets, as of Oct 27, 2026 $7.9bn $135.8bn

CGBL and GLD on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Alert

About each fund

CGBL

Over the year to Oct 28, 2026 it returned +7.1% with distributions reinvested, against +7.5% for its benchmark, the 60%/40% S&P 500 Index/Bloomberg U.S. Aggregate Index.

CGBL is actively managed and tracks no index. The prospectus expense ratio is 0.33% a year. By its holdings filed for Jun 30, 2026, 48% of the fund by weight is stocks the S&P 500 also holds, across 77 positions, with the top ten at 59.3%. It sat 3.4% below its high of Aug 13, 2026 on Oct 28, 2026.

GLD

Its expense ratio is 0.40% a year, for the three months to Jun 30, 2026, as its 10-Q states.

GLD holds gold. Over the year to Oct 28, 2026 it returned +2.5% with distributions reinvested, against +2.7% for its benchmark, the price of gold. It sat 24.7% below its high of Jan 29, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, CGBL or GLD?: In the year to Oct 28, 2026, with distributions reinvested, CGBL returned +7.1% and GLD +2.5%.
Which is cheaper, CGBL or GLD?: CGBL is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's own filings.

Other comparisons

BWET vs CGBL CGBL vs IAU CGBL vs GLDM CGBL vs SLV AOR vs GLD GLD vs PDBC GLD vs XLRE GLD vs XLB

Where to next

CGBL on its own →GLD on its own →Hold both: look the portfolio through →Rankings →CGBL dividend history →CGBL holdings →Standards and sources →

Sources and dates

CGBL filings on SEC EDGAR ↗

CGBL prospectus with the expense ratio (SEC) ↗

Capital Group page for CGBL ↗

State Street website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

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ETFIQ, CGBL against GLD, data as of Oct 28, 2026. https://etfiq.com/compare/any/cgbl-vs-gld

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